Covenant of the Fund. (a) The Fund hereby covenants with the Dealer that during the term of the Agreement, except as agreed to in writing by Dealer, the Fund will not permit to become effective any amendment to or modification of the Indenture which adversely affects the interests of any holder of any Note then outstanding. The Fund will give the Dealer notice, at least ten (10) days prior to the effective date thereof, of (i) any proposed amendment to or modification of the Indenture or (ii) any termination notice to or resignation notice from UBS Trust PR under the Indenture. (b) [RESERVED].
Appears in 12 contracts
Samples: Dealer Agreement (Tax-Free High Grade Portfolio Target Maturity Fund for Puerto Rico Residents, Inc.), Dealer Agreement (Tax Free Fund II for Puerto Rico Residents, Inc.), Dealer Agreement (Tax-Free Fixed Income Fund for Puerto Rico Residents, Inc.)
